The market sentiment was driven by greed with Fear & Greed Index at 59, which had decreased from the previous day closing of 61. As reported by CBOE, the total put/call ratio was 1.17 for the day. The index put/call ratio was 1.23, and the equity put/call ratio was 0.74. The CBOE volatility index (VIX) put/call ratio was 0.53. The stocks with unusual call activities had been identified through our daily options scanning process, with the scanning criteria where the daily call option volume ratio was above 2.00 (2x of the average call option volume) with a call option volume above 10,000. Unusual option activities can be an indicator or precursor of a major movement for the underlying stock.

For Option Equity Put/Call Ratio, the MACD (12, 26, 9) is neutral now. RSI (14) is indicating a slightly bullish lean and closed at 54.81 (previous closing of 51.20). MACD Histogram is currently at 0. If Option Equity Put/Call Ratio ($CPCE) becomes bullish (bullish RSI and MACD), then the market is expected to decline.

SPDR S&P 500 ETF Trust (SPY)

SPY opened lower and closed higher at $152.11 (+0.38%). The volume was 42.11M. On weekly basis, the MACD (12, 26, 9) is showing a bullish trend but the MACD Histogram decreased and closed at 0.665. SPY is currently trading above its 200-day MA of $118.76 and its 50-day MA of $139.89. RSI (14) increased to 69.20 from 67.95 with an increasing buying momentum. The next resistance is $154.09 (R1), followed by $161.81 (R2).

MDLZ credit short put spread $22/$25 June 21, 2013 ($0.31 credit, established on February 15, 2013)

CHL credit short put spread $50/$52.5 April 19, 2013 ($0.30 credit, established on February 25, 2013)

Other Options Positions:

AKAM credit short put spread $30/$32 May 17, 2013 ($0.38 credit, established on February 13, 2013)

NOV credit short put spread $60/$62.5 May 17, 2013 ($0.51 credit, established on February 14, 2013)

Closed Position(s):

Core 20 Positions:

GLW credit short put spread $11/$12 Mar. 15, 2013 ($0.23 credit, established on February 7, 2013) => Closed short put $12 at $0.07 on February 20, 2013. $0.16 profit (20.78% Return on Margin, 13 days, including non-trading days). $11 put position was sold for $0.04 on February 26, 2013, adding $0.04 to the total profit.